Wednesday, 2 September 2009

GBP EUR GBP USD GBP NZD Sterling bounces back

Sterling has had a fantastic days trading compared to the previous week and a half with the refreshing site of green screens in the office over the course of the day.

Although we have only seen minor gains (0.48% against EUR, 0.41% against USD and 0.96% against the NZD at the time of writing this post)it is still finally positive movement but just how long will this last?????

We still continue to see poor data releases for the U.K which suggests that there may still be further weakness to come in the short term, however one would expect Sterling to gain back ground by the turn of the year.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

www.currencies.co.uk


Have a great day and thanks for reading!

Daniel Wright

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